High Risk Merchant Account

PayMate, a start-up in the business-to-business (B2B)  payments   space, has acquired Zaitech Technology, a digital lending platform, signaling its continued interest in the fintech sector. Rajat Yadav, Founder, Z2P Technologies, said: “Technology and data-driven actionable insights for lending, along with machine learning, is what Z2P has built over the past few years.” The data is gathered using proprietary analytics and AI technologies. PayMate, which is backed by Lightbox Ventures, Mayfield Fund, among others, is riding the alternative lending wave sweeping the industry as a host of new start-ups are tying up with traditional financial institutions such as banks. PayMate claims it has 20,000 registered businesses on its platform and this acquisition will help it reinvent its payment operations, cash-flow and access to growth capital. As part of the acquisition, it gets a  payment gateway , which can ensure visibility of cash-flow through th...

When it comes to the  credit card processing  your business does have you ever considered using virtual credit cards? This is simply a digital number that represents a plastic credit card. With the right card, your customers can often decide in advance the maximum amount that can be charged to the card. They also have the ability to set an expiration date for the card so that it cannot be used for longer than one year. Many consumers are embracing virtual credit cards because it protects their real credit card number from most businesses. Since consumers are getting in on the virtual credit card you might be wondering if your business can do the same. Protecting corporate credit card accounts is something that is now being accomplished with virtual cards. Many of the top credit card companies in the world are now using this technology to their advantage. There is more than one use for corporate virtual credit cards. Businesses are now using them for employee ex...

To face the fierce competition in the E-commerce market, every merchant needs an online payment gateway and online credit card processing that can help the merchant serve the increasing number of customers on a daily basis who like to shop online and use credit cards as a preferred mode of payment. To successfully run an e-commerce business, the merchant needs an online credit card processing that is effective and efficient in fulfilling its purpose. Benefits of Online Credit Card Processing IMPROVES ABILITY To make the website visually effective, a merchant invests a lot of time and money. But most of the merchants do not consider it important to invest much time when it comes to payment processing. However, to improve online transactions for your E-commerce business, it is important to choose the right payment gateway. A system that enables the communication between the merchant processor. Also, a PCI compliant website to share customer’s payment details, bank a...

If you are running a business of sales and purchases, you need to choose a new credit card processor. But it is not as easy as it seems, it is a big decision to make. Before making the decision, you must know it includes the fee charged and contracts. Also the customer service department and cost-effective tools available. Do the comparison, study the market and then make the final decision. Let us now discuss it further. 3 questions you should ask your new credit card processor before finalizing it: Structure of Fee Charged When you opt for such tools, you are charged with a certain amount of fee. But it is important to know what exactly those fees are, more commonly called breakage of the fee. The fact is that most of the high-risk merchants have no idea about the process and end up paying a high amount of fee without actually knowing the hidden high markups in their pricing structure. To process the transaction, an interchange part of pricing structure is paid to the ca...

Merchant accounts  for Bail bonds seem like a Mystery. Many discuss processing plastic card payments, however, it is a riddle to numerous in the business how they do as such securely, and without dread of conclusion. The result is easy: Merchant Stronghold. The bail bonds business is very rigid and tough, not only due to its customers but also due to its status in the processing business. While many bashful lefts from this industry, Merchant Stronghold welcomes it with open arms. Merchant Account for Bail Bonds Receiving a Merchant Account and processing of credit card payments for your bail bonds business, it can be very difficult.  Numerous Credit Card Processors don’t want to work with Merchant services of bail bonds businesses because of the high-risk environment of the service being provided. All merchants require the capacity to process plastic card such as credit card payments and debit card payments. While many bail bonds organizations are “Cash onl...

Internet was a revolutionary idea and till date, it is evolving. Not only for sending emails or social networking, it has also gained popularity in the field of E-commerce. When we talk about E-commerce, a couple of things strike our minds like credit card processing, data security, merchant account, etc. A  merchant account  is a necessity to accept card payments online along with reliable payment processors. While setting up online businesses, a merchant also needs to take care of these things but if a merchant is planning to grow his business and want to reach customers around the world, he needs to open an offshore account. What Is An Offshore Account? The term ‘offshore’ is basically used to describe banks from countries other than home country or foreign lands. An offshore account is like any other merchant account opened in any country other than merchant’s home country. The main benefits of an offshore account are the security and the option of acceptin...

‘ FRAUD ’, the word itself generates a warning sign to both customers as well as the merchant. According to recent studies, every fraud valued 1 dollar, costs merchant $2.40. The amount may seem less but has a huge impact on annual revenue.One of the main reasons for these frauds is the credit card processing scams. Credit card payment processing companies have noticed a significant growth of such scams among small or medium-sized businesses as compared to large industries. And, if these SMBs do not have sufficient resources to handle them, the impact of scams are much more significant. A major retail can bare the impact of the loss of a couple of dollars but it is not the case with small or medium-sized businesses. Most Common Credit Card Processing Scams Let us discuss in detail about the most common credit card processing scams and a few tips to avoid them. Forced Authorization Scam To complete the transaction when customer’s credit card is declined, the merchant c...

For any E-commerce site, to accept payment by multiple means you need a proper  payment gateway  and a merchant account that supports your needs. Without a merchant account, you will not be able to accept payment via credit card or debit card. If you are finally looking forward to spreading your business worldwide, it is important to have the capacity to process such payments. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. Business dealing in such products is categorized as high-risk business and therefore most conventional banks and merchant processors will not provide services to companies like this. Why considered as high risk Nutra products include weight reduction remedies, anti-aging, and sexual enhancement products. Although it is a prize-winning industry, it is still considered high-risk because of the following reasons: A higher number of chargebacks Frequency of bankruptcies Customer Enrollment Cancelati...

It’s era of technology, an era where most of our needs are fulfilled with just a few clicks. The Internet has made our life way more comfortable than we could imagine a few decades back. With the increase in technology, our lifestyle also changed dramatically and changed the way we do basic tasks. it includes sending emails, banking, purchasing things, contacting people etc. The Internet has brought almost everything at our fingertips. As the use of the internet is increasing, it has provided an opportunity for business owners to grow their business worldwide, to reach customers they could not a few decades back. For setting up an online business, all you have to do is follow few simple steps and instructions which we will discuss one by one in details and your business will be ready to enter the online world. These days it has become easier than ever to develop & design your own website and have it uploaded either for free or cost that suits your pocket. It is not impo...

We Are providing  High-Risk Merchant Accounts  Tips If You have a Business, you need to know about Merchant Account and also need a good merchant account for record keeping to credit card processing and for the chargeback investigation, Merchant Account Maybe your good Friend or the worse enemy. A good Merchant account provider understands the issues that will arise in your business. If you want to sell something online you need both a payment gateway and a merchant account. Merchant Stronghold offers solutions for  high risk  merchants like you. We know it can be a hassle to go from one bank to another to open a merchant account, only to find that you will not get approved  for  your application. Some organizations may be willing to accept you but there is usually a high price that comes with it. Get a High Risk Merchant Account:  It is always challenging to get a merchant account for a high-risk business. You may be search...

Introduction To Merchant Stronghold Merchant Stronghold is Headquartered in Clearwater, Florida. It provides credit card processing services for businesses of all sizes. Voted the #1  High-Risk Merchant Services  Provider in 2015, and 2016. Merchant Stronghold specializes in high risk and offshore merchant accounts. Our all-in-one merchant accounts include everything that a high risk or offshore merchant’s needs to process successfully. Processing Includes debit and credit card processing, check processing (ACH), payment gateways, and charge-back management services. We help businesses to accept their payments from anywhere, as you are getting POS Machine services, Virtual Terminal, Online Settings to integrate that in your website so that customers can pay on there on. Our services are available via an easy online application. So click on the link and get yourself started NOW. High-Risk Merchant Specialists:  We’ll get your high risk or offshore ...

Merchant Stronghold provides credit card processing gateways that are tailored for your direct marketing business. Grow your Direct Marketing business by providing multiple payment options to your customers. Efficient Front-end Systems and  Credit Card Processing Gateway  to integrate with Stronghold’s gateway API and be able to provide instant successful transactions are important, especially for a Direct marketing System. Stronghold’s credit card processing gateway not only accepts payment but also compiles reports so that merchants can keep records of transactions. Many companies these days promise to deliver these efficient systems, but most of them focus on providing fancy systems rather than better security. Merchant stronghold on the other hand not only have the most secure and solid gateways available but also close all loopholes that can harm payment system of your direct marketing business. Rather than using physical terminals, your customers can use ...

It is important to open a merchant account to carry out financial transactions especially if your business requires a payment gateway through which you can accept payment by multiple payment methods. To acquire a merchant account you have to first find a card processor, which meets your needs and provides you services at a reasonable price. When you apply for this account, you cannot get started by just filling an application form. The application (in turn your business) has to go through a wide analysis process. This process is called merchant underwriting. A team of high-risk analysts or an individual analyze your business to find out any type of risk, and according to this analysis your application is either approved or rejected. This whole process might take a day or two, depending on the provider you choose. There are alternatives to this, which will take lesser time for approval, as those alternatives do not require underwriting, but they have their own drawbacks due ...

How Technical Support Merchant Account Services Work? When I started my research for this business, I communicated with a number of people whom I thought might have some practice in managing such merchants, and what I heard from them didn’t precisely come as a surprise to me. Most of my contemporaries warned me that such businesses could be very difficult to work with — that their company practices were doubtful, that they could infrequently doctor the required paperwork, that their chargeback ratios were sky-high, and that customer objection levels were off the chart. “Where have I heard that before?”, I wondered, and my initial practice rapidly confirmed the authenticity of these warnings. However, I had the good fortune to quickly stumble upon a merchant who turned out to be hardworking, trustworthy and legit. He also ensured low levels of customer complaints and chargebacks. Equally important, the volume per month was extravagant— about $500,000 and still continues to grow. ...

If you are running a business that deals with sales and purchases, there might arise situations where you need to choose a new credit card processor, but it is not as easy as it seems. It is a big decision and before making a final call you should be aware of certain things, like Fee charged and contract, customer service department and cost-effective tool. Do the comparison, study the market and then make the final decision. Let us now discuss the 3 questions you should ask your new  credit card processor  before finalizing it: Structure of Fee Charged When you opt for such tools, you are charged with a certain amount of fee, but it is important to know what exactly those fees are, more commonly called breakage of the fee. The fact is that most of the high-risk merchants have no idea about the process and end up paying a high amount of fee without actually knowing the hidden high markups in their pricing structure. To process the transaction, an interchange pa...

For many small businesses that accept credit cards, chargeback is way costlier but there are ways where you can protect your business against those unfair chargebacks. Before going further, let us understand what is a ‘Chargeback’? Chargeback  A chargeback happens when a customer after purchasing a product, contact to his/her card issuer to dispute the charges. In simple words, when a customer purchases a product and due to some reason disputes a charge with his/her bank, the money is returned to that customer as well as he/she gets to keep the product. But the bank charges the business owner, from whom the product was purchased. This payment, which the business owner gets to pay to the bank, is called the chargeback. Here are few tips that can help you prevent chargeback and minimize the time and money spent while dealing with it. Being business owner you should understand that disputes could be considered valid due to many reasons. Customer may dispute charges...

Understand the Low Risk merchant Low Risk Category before you apply it at the bank for a merchant Account because merchants in our payment processing world are categorized under low-risk, medium-risk, and high-risk categories. There are a number of points or reasons concerning which any business can be classified as Low Risk or high risk or medium risk Business and for an example while reviewing the business it is reviewed that how much risk is involved in the business, what is their risk level, which is the country wherein they got incorporated and their processing history etc. Features of a Low Risk Merchant Account Merchant account to accept ACH, eCheck and credit card payments A merchant account that provides an opportunity for real-time processing of payment Merchant account for secure and easy processing of payment Merchant account for internet merchants to facilitate website credit card processing You process less than $20,000 per mo...